King gobbled up for $5.9bn by Call of Duty maker Activision Blizzard

The Candy Crush maker can now level up, after struggling to move on from its one hit wonder.

by Rachel Savage
Credit: King
Credit: King

Activision Blizzard is to buy King for $5.9bn (£3.8bn), in a deal that has probably made the Candy Crush maker’s management and shareholders feel like they found a cheat to beat the boss at the end of a particularly hard level.

King’s sweet-toothed suitor, which makes World of Warcraft and Call of Duty, the most successful console game ever, has agreed to pay $18 per share in cash. That’s a 20% premium above King’s closing price on Friday, but below the $22.50 it floated at on the New York Stock Exchange in March last year.

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